Doesn't mean they've given up on a web platform completely, rather they've realised the one they were building on was built on the wrong foundations. Perhaps they even got some insight into how Figma architected theirs during the negotiations and will run with that
Adobe gives up on web-design product to rival Figma after deal collapse
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Re: Adobe gives up on web-design product to rival Figma after deal collapse
#12Now Figma can become the de-facto choice for its software category and a merger was proved to be ultimately unnecessary for its survival and was a clear attempt at Adobe trying to buyout their competition because they can't seem to compete. I think overall this is a good thing. Adobe owning Figma isn't a great promise that it would be make Figma better, improve Figma in any way, nor keep Figma on the path of making h…
Was this the plan all along? 1B for all that due diligence information seems cheap, i imagine there are a couple of teams rushing to implement at Adobe right now.
Re: Adobe gives up on web-design product to rival Figma after deal collapse
#13Now Figma can become the de-facto choice for its software category and a merger was proved to be ultimately unnecessary for its survival and was a clear attempt at Adobe trying to buyout their competition because they can't seem to compete. I think overall this is a good thing. Adobe owning Figma isn't a great promise that it would be make Figma better, improve Figma in any way, nor keep Figma on the path of making h…
Was this the plan all along? 1B for all that due diligence information seems cheap, i imagine there are a couple of teams rushing to implement at Adobe right now.
This article is about Adobe getting out of this business. I'd think if they were "rushing to implement" they'd keep the existing product around and either integrate things into it or wait to kill it until they have a replacement. Also, while it's not perfect, there tends to be a fair amount of firewalling around that sort of due diligence to keep an acquirer from just ripping everything off with inside information gained in the process.
Re: Adobe gives up on web-design product to rival Figma after deal collapse
#14Now Figma can become the de-facto choice for its software category and a merger was proved to be ultimately unnecessary for its survival and was a clear attempt at Adobe trying to buyout their competition because they can't seem to compete. I think overall this is a good thing. Adobe owning Figma isn't a great promise that it would be make Figma better, improve Figma in any way, nor keep Figma on the path of making h…
> a clear attempt at Adobe trying to buyout their competition because they can't seem to compete.
You paint this like it's a bad thing, that's why many acquisitions occur.
Re: Adobe gives up on web-design product to rival Figma after deal collapse
#15Now Figma can become the de-facto choice for its software category and a merger was proved to be ultimately unnecessary for its survival and was a clear attempt at Adobe trying to buyout their competition because they can't seem to compete. I think overall this is a good thing. Adobe owning Figma isn't a great promise that it would be make Figma better, improve Figma in any way, nor keep Figma on the path of making h…
> I can't blame anyone for seeing $20 Billion dollars upfront and taking the offer, but did Figma even need to sell in the first place? It's a great question from a P&L standpoint, but like you said: the board of the company represents the shareholders, and it's likely that $20 billion was a number _far_ above what they viewed the company's value - therefore accepting that type of deal would've made 100% sense to max…
> I think the better questions are: did Adobe _need_ Figma? (We'll see...) and why did Adobe overpay by so much?
Because Figma would have undoubtedly rejected at or near market rates. And regulators were already iffy. Being overly generous, if it still will pay off for you in the end, is a good way to grease a lot of wheels.
The best analogy is the person who offers to pay 25k over asking (in a market where that is abnormal) on a house they definitely want to bypass the whole secondary negotiation process.
Re: Adobe gives up on web-design product to rival Figma after deal collapse
#16Killing Adobe XD because they couldn't buy Figma for $20 billion means to me that they would never have been a good owner for Figma. XD may have not had as many features as Figma, but it was still a decent program and could have been a very good competitor to Figma for far less than the cost of buying out that company. The buy-in of Adobe's subscription model was a compelling reason for my employers to provide only X…
Staff likely fled teams working on XD as soon as the news surfaced around the acquisition. They probably have no one left who can move quickly with the product or the code base to catch up now.
Re: Adobe gives up on web-design product to rival Figma after deal collapse
#17Killing Adobe XD because they couldn't buy Figma for $20 billion means to me that they would never have been a good owner for Figma. XD may have not had as many features as Figma, but it was still a decent program and could have been a very good competitor to Figma for far less than the cost of buying out that company. The buy-in of Adobe's subscription model was a compelling reason for my employers to provide only X…
Google Video was killed after the YouTube acquisition and YT flourished under Google.
YouTube was bought mainly because Google Video was failing as a platform. About the only thing it ever offered over YouTube were longform lectures and presentations. Combining the two platforms (e.g. allowing longer videos but using YouTube's social interface) just made YouTube better.
Re: Adobe gives up on web-design product to rival Figma after deal collapse
#18Adobe not continuing XD seems like them throwing their toys out of the pram.
They competed fairly with Canva and built their own, Express, which I think does a very admirable job.
No reason why they couldn't have competed fair and square with Figma, and competition is usually good for the end user.
Re: Adobe gives up on web-design product to rival Figma after deal collapse
#19Related/flipside from last week: Figma Offers Employees Shares and Buyouts After Collapsed Adobe Deal https://news.ycombinator.com/item?id=39133000
> In a companywide note posted to Figma’s Slack work collaboration software channel, reviewed by Forbes, Field also announced a one-time ‘Detach’ program by which any employee could voluntarily depart the company in exchange for three months’ pay.
Does this detach program accelerate equity vesting?
Re: Adobe gives up on web-design product to rival Figma after deal collapse
#20Killing Adobe XD because they couldn't buy Figma for $20 billion means to me that they would never have been a good owner for Figma. XD may have not had as many features as Figma, but it was still a decent program and could have been a very good competitor to Figma for far less than the cost of buying out that company. The buy-in of Adobe's subscription model was a compelling reason for my employers to provide only X…
This isn't the first time Adobe has taken a decent app w/ potential and run it into the ground:
Dreamweaver did many things, not all of them well, but it was never actively terrible. Over time, its functionality got split out into more apps that didn't actually require people to write web code - a disappointment that shouldn't surprise as Adobe's heart was still w/ print production and never really committed to the development side of things.
I would have expected that after Flash went EOL that more resources would go to the editor, but they just mined it out before going subscription, a dealbreaker that made me seek out Panic's Coda and (later) BBEdit.
I know it still exists in Creative Cloud, but unless you are deep in the Adobe ecosystem, there are better options available.